Latest news with #PTTEP
Bangkok Post
7 days ago
- Business
- Bangkok Post
PTTEP honored with Asian-Level awards, underscoring corporate leadership excellence
PTT Exploration and Production Public Company Limited (PTTEP) has recently received 6 prestigious awards from the 15th Asian Excellence Awards 2025, organized by Corporate Governance Asia, a leading financial journal that promotes corporate governance in Hong Kong and across Asia. The awards include Asia's Best CEO (for the 8th consecutive year), Asia's Best CFO (for the 12th consecutive year), Best Investor Relations Company in Thailand (for the 13th consecutive year), Best Investor Relations Professional (for the 5th consecutive year), The Sustainable Asia Award (2nd consecutive year) and Best CSR. The recognition highlights corporates' excellent in management, financial management, investor relations, environmental and social responsibility. Additionally, PTTEP received 3 distinguished awards from Asia's Best Companies 2025, organized by FinanceAsia, a leading financial publication in the Asia-Pacific region. These include Best Energy Company – Thailand (Gold), Best Large-Cap Company – Thailand (Silver), and Best CFO – Thailand (Gold). The awards were based on votes from investors and financial analysts across Asia.
Borneo Post
12-07-2025
- Business
- Borneo Post
UTS, PTTEP ink scholarship deal to boost engineering talent
SIBU (July 12): University of Technology Sarawak (UTS) has signed a landmark scholarship agreement with PTTEP Sarawak Oil Limited, marking another significant milestone in the university's development journey. The agreement was signed during a ceremony at the UTS campus by Vice-Chancellor Professor Datuk Dr Khairuddin Abd Hamid on behalf of the university, while PTTEP Sarawak Oil Limited was represented its Country Manager for Malaysia Asset, Padsakorn Suwanruji. Speaking at UTS-PTTEP Scholarship Agreement Exchange Ceremony, Khairuddin expressed his appreciation for PTTEP's trust and partnership, which he described as being founded on shared values, mutual trust, and a collective mission to empower Sarawak's youth. 'On behalf of UTS, I extend our deepest gratitude to PTTEP for selecting us as the sole institution in East Malaysia to implement this exclusive scholarship programme,' he said. 'This decision reflects a strong vote of confidence in our academic excellence, our dedication to student development, and our commitment to nurturing engineering talent for the region.' The PTTEP Scholarship, he said, goes beyond a typical financial aid package. It offers a comprehensive five-year development pathway – starting from the Foundation in Science (FIS) programme through to a full undergraduate degree in Mechanical or Electrical Engineering, with full financial support. 'What sets this initiative apart is PTTEP's commitment to prioritising scholars for job placements across its global operations – an exceptional incentive that will inspire our young talents to pursue their studies with determination and focus,' Khairuddin added. As part of PTTEP's Corporate Social Responsibility (CSR) initiative, the scholarship is aimed at students enrolled in the FIS programme at UTS, offering them a fully funded opportunity to pursue engineering education and careers. The initiative also aligns with the Free Tertiary Education Scheme (FTES) by the Sarawak government, starting in 2026, which will waive tuition fees for Science Technology, Engineering and Mathematics (STEM) programmes. 'This bold move will significantly ease access to higher education,' said Khairuddin, who also briefed attendees on UTS's background and growth trajectory. Meanwhile, Padsakorn noted that the agreement symbolised PTTEP's commitment to supporting Sarawak's youth and opening doors to a brighter future. 'PTTEP believes in investing in local talents and supporting them with world-class training and global exposure,' he said. He emphasised that the scholarship reflects PTTEP's broader CSR goals, ensuring that deserving students, especially from underserved communities, have access to quality education and life-changing opportunities. 'As our presence in Sarawak grows, we are not only focusing on energy resources; we are also focusing on people,' Padsakorn added. The ceremony was attended by several key stakeholders, including UTS Deputy Vice-Cchancellor Prof Dr Mohd Shahril Osman, Registrar Jimmy De Rozario @ Abdul Rahman, Student Development & Services Centre (SDSC) director Lu Yew King, PTTEP head of Malaysia Sarawak Asset Thakerngchai Sangvaree, head of GRC and Public Affairs Section Tengku Saifuzzaman, head of Human Resource Section Ratanawadee Bansit, and head of Capability Development and Employee Relations Anita Gomez.
Zawya
18-06-2025
- Business
- Zawya
Eni-PTTEP partnership awarded Reggane II gas block in Algeria
The partnership between Eni Algeria Exploration B.V., a subsidiary of Italian oil and gas giant Eni, and PTTEP Algeria Company (PTTEP AG), a subsidiary of Thailand's PTT Exploration and Production Public Company (PTTEP), has been awarded the Reggane II Block from the 'Algeria Bid Round 2024.' Eni will serve as operator of the block with a 66 percent participating interest, while PTTEP AG holds the remaining 34 percent, parent PTTEP said in a stock exchange statement. A Production Sharing Contract (PSC) for the block will be signed at a later date, the Stock Exchange of Thailand (SET)-listed company said. Located in southwest Algeria, the Reggane II Block spans approximately 40,828 square kilometres (sq km) and includes both discovered gas fields and areas with further exploration potential. PTTEP stated that the investment aligns with its growth strategy in key strategic focus areas and will enhance its upstream portfolio in Algeria, where the company is expanding its presence in the gas sector. (Writing by Majda Muhsen; Editing by Anoop Menon) (
Zawya
02-06-2025
- Business
- Zawya
Oman's HyDuqm hydrogen project eyes FID in 2027
MUSCAT: Hydrogen Duqm LLC (HyDuqm), one of nine large-scale green hydrogen and ammonia projects currently in early development in Oman, anticipates a Final Investment Decision (FID) in 2027, with production slated to commence in 2030. HyDuqm represents a joint venture set up by six leading global companies comprising POSCO Holdings, Samsung Engineering Company Limited, Korea East-West Power Company Limited, Korea Southern Power Company Limited, MESCAT Middle East DMCC (a subsidiary of ENGIE from France), and FutureTech Energy Ventures Limited (FTEV) - the clean energy arm of Thai energy conglomerate PTTEP. In 2023, the JV partners won a concession from Hydrom, the master-planner of Oman's green hydrogen (GH2) economy, to develop a GH2 project in Block Z1-02 in Al Wusta Governorate. The project targets an annual capacity of 1.2 million tonnes of green ammonia, focusing on clean energy production from green hydrogen. According to PTTEP subsidiary FTEV, the partners of HyDuqm are currently 'in the process of assessing wind and solar energy potential (Renewable Resource Assessment) and conducting a feasibility study to evaluate the investment value and profitability of the project prior starting engineering design'. Significantly, FTEV's role as a JV partner in HyDuqm is the latest addition to parent organization PTTEP's expanding presence in Oman's energy industry. 'This investment supports the growth of new businesses aligning with the Company's business plan and provides an opportunity to apply knowledge and experience in green hydrogen production in Thailand, in line with future energy policies,' PTTEP noted in its recently issued 2024 Annual Report. 'PTTEP completed the installation of wind and solar potential measurement stations and has begun collecting data to support the project operations. The ongoing feasibility study phase includes geographical, geotechnical, and hydrological assessments, as well as a Preliminary Environmental and Social Impact Assessment (Pre-ESIA),' it further stated. The feasibility study, according to the Thai state-owned energy giant, will also help determine the amount of required capital expenditure and economic return before proceeding to the engineering design phase in 2025. The Annual Report also shed light on the performance of PTTEP's portfolio of investments in the upstream and midstream segments of Oman's oil and gas sector. One of its largest investments is in Block 61 in central Oman, which accounts for around a third of Oman's gas production. PTTEP owns a 20 per cent interest in the BP-operated concession. In 2024, natural gas and condensate production averaged 1,511 MMSCFD (approximately 267,746 barrels of oil equivalent per day - BOED) and 56,087 bpd respectively. Production from Block 6 – the largest producing oil asset in central Oman – averaged 66,490 bpd of crude oil in 2024. PTTEP Group holds a 2 per cent participating interest in this project, with Petroleum Development Oman (PDO) as the operator. In south Oman, PTTEP Group holds a 1 per cent participating interest in Block 53 (also known as the Mukhaizna field) with Occidental as the operator. In 2024, the average crude oil production was 75,227 bpd. Recently, Oman's Ministry of Energy and Minerals signed an agreement to extend the Block 53 Exploration and Production Sharing Agreement (EPSA) with Occidental and its partners until 2050. Rounding off its upstream assets is Block 12, a large onshore natural gas exploration block in central Oman. PTTEP Group holds a 20 per cent participating interest in the project, with TotalEnergies as the operator. In 2024, two exploration wells were completed, while geological and geophysical studies are currently underway. PTTEP subsidiary PTTEP Oman E&P Corporation (POC), formerly Partex Oman Corporation, also has a 2 percent stake in Oman LNG LLC and an indirect 0.7 per cent stake in Qalhat LNG. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
02-06-2025
- Business
- Zawya
Oman's HyDuqm expects FID in 2027
Hydrogen Duqm (HyDuqm), one of nine large-scale green hydrogen and ammonia projects currently in early development in Oman, anticipates a Final Investment Decision (FID) in 2027, with production slated to commence in 2030. HyDuqm is a joint venture comprising POSCO Holdings, Samsung Engineering , Korea East-West Power Company, Korea Southern Power Company , MESCAT Middle East DMCC (a subsidiary of ENGIE from France), and FutureTech Energy Ventures (FTEV) - the clean energy arm of Thai energy conglomerate PTTEP. In 2023, the JV partners won a concession from Hydrom, the master-planner of Oman's green hydrogen economy, to develop a GH2 project in Block Z1-02 in Al Wusta Governorate. The project targets an annual capacity of 1.2 million tonnes of green ammonia, focusing on clean energy production from green hydrogen. According to PTTEP subsidiary FTEV, the partners of HyDuqm are currently 'in the process of assessing wind and solar energy potential (Renewable Resource Assessment) and conducting a feasibility study to evaluate the investment value and profitability of the project prior to starting engineering design'. FTEV's role as a JV partner in HyDuqm is the latest addition to parent organisation PTTEP's expanding presence in Oman's energy industry. 'This investment supports the growth of new businesses aligning with the Company's business plan and provides an opportunity to apply knowledge and experience in green hydrogen production in Thailand, in line with future energy policies,' PTTEP noted in its recently issued 2024 Annual Report. 'PTTEP completed the installation of wind and solar potential measurement stations and has begun collecting data to support the project operations. The ongoing feasibility study phase includes geographical, geotechnical, and hydrological assessments, as well as a Preliminary Environmental and Social Impact Assessment (Pre-ESIA),' it said. The feasibility study, according to the Thai state-owned energy giant, will also help determine the amount of required capital expenditure and economic return before proceeding to the engineering design phase in 2025. (Writing by Nadim Kawach; Editing by Anoop Menon)
